Pinault family's Artemis in talks to buy cruise company Ponant

July 27, 2015 3:49 PM

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PARIS, July 27 Artemis, the Pinault family's holding firm that controls luxury and sports group Kering , said on Monday that it was in exclusive talks to acquire French luxury cruise ship operator Ponant from private equity group Bridgepoint.

The cruise company, which specialises in polar tours, is expected to make revenues of more than 140 million euros ($133 million) this year and was reported in the media to be worth around 400 million euros.